Menomonee Falls, Wisconsin Housing Market Prices
Menomonee Falls Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 59% above the Wisconsin median$271,040
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Median rent 20% above the Wisconsin median$1,300
Housing Market Overview
| Metric | Menomonee Falls | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,040 | $170,479 | $248,835 |
| Price Trend (Annual %) | 7.1% | 4.2% | 7.5% |
| Median Gross Rent | $1,300 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Menomonee Falls is about 59% higher than in Wisconsin. Rent is about 20% higher than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Menomonee Falls, up about 7.1% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Menomonee Falls rose about 39.8% between 2015 and 2024, from $930 to $1,300. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Menomonee Falls.
Buying the median-priced home in Menomonee Falls costs roughly 17.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Menomonee Falls. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Menomonee Falls | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,040 | $170,479 | $248,835 |
| Median Household Income | $98,923 | $77,698 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Menomonee Falls rose about 2.7%, while median household income rose about 37.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Menomonee Falls | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.7% | 60.5% | 58.5% |
| Rental Rate | 24.7% | 28.7% | 31.2% |
| Vacancy Rate | 4.6% | 10.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Menomonee Falls has a homeownership rate of 70.7%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 4.6%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Menomonee Falls | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1982 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 5.6 | 5.5 |
The typical housing unit in Menomonee Falls was built around 1982. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Menomonee Falls, WI Housing Compared With Nearby Cities
How Menomonee Falls, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Menomonee Falls, WI | 39,966 | $271,040 #2/2 | $1,300 #2/2 | 74.1% #2/2 |
| Brookfield, WI | 39,622 | $455,703 | $1,928 | 80.6% |
Frequently Asked Questions
Common questions about the housing market in Menomonee Falls, Wisconsin.
What is the median home price in Menomonee Falls, Wisconsin?
The median home price in Menomonee Falls, Wisconsin is $271,040, higher than the Wisconsin average of $170,479.
What is the average home price in Menomonee Falls, Wisconsin?
The typical home price in Menomonee Falls, Wisconsin, reported as the median sale price, is $271,040. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Menomonee Falls, Wisconsin?
The median gross rent in Menomonee Falls, Wisconsin is $1,300 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Menomonee Falls in 2020?
In 2020, the median gross rent in Menomonee Falls, Wisconsin was $1,118 per month.
What is the price-to-rent ratio in Menomonee Falls, Wisconsin?
The price-to-rent ratio in Menomonee Falls, Wisconsin is about 17.4, meaning it would take roughly 17.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Menomonee Falls.
Are home prices or rent rising faster in Menomonee Falls, Wisconsin?
Both home prices and rent are rising in Menomonee Falls, up about 7.1% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Menomonee Falls, Wisconsin?
70.7% of households in Menomonee Falls, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Menomonee Falls, Wisconsin?
The housing vacancy rate in Menomonee Falls, Wisconsin is 4.6%, lower than the Wisconsin average of 10.8%.
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